Lessons from the Financial Crisis: Causes, Consequences, and Our Economic Future

Lessons from the Financial Crisis: Causes, Consequences, and Our Economic Future

Author(s): Robert W. Kolb

Published Online: 29 NOV 2011 10:36AM EST

Print ISBN: 9780470561775

Online ISBN: 9781118266588

DOI: 10.1002/9781118266588

About this Book

The world's best financial minds help us understand today's financial crisis

With so much information saturating the market for the everyday investor, trying to understand why the economic crisis happened and what needs to be done to fix it can be daunting. There is a real need, and demand, from both investors and the financial community to obtain answers as to what really happened and why.

Lessons from the Financial Crisis brings together the leading minds in the worlds of finance and academia to dissect the crisis. Divided into three comprehensive sections-The Subprime Crisis; The Global Financial Crisis; and Law, Regulation, the Financial Crisis, and The Future-this book puts the events that have transpired in perspective, and offers valuable insights into what we must do to avoid future missteps.

  • Each section is comprised of chapters written by experienced contributors, each with his or her own point of view, research, and conclusions
  • Examines the market collapse in detail and explores safeguards to stop future crises
  • Encompasses the most up-to-date analysis from today's leading financial minds

We currently face a serious economic crisis, but in understanding it, we can overcome the challenges it presents. This well-rounded resource offers the best chance to get through the current situation and learn from our mistakes.

Table of contents

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  1. Part I: Overview of the Crisis

  2. Part II: Causes and Consequences of the Financial Crisis

    1. Chapter 11

      The Origins of the Financial Crisis (pages 77–85)

      Martin N. Baily, Robert E. Litan and Matthew S. Johnson

    2. Chapter 15

      Making Sense of the Subprime Crisis (pages 109–117)

      Kristopher S. Gerardi, Andreas Lehnert, Shane M. Sherlund and Paul Willen

  3. Part III: Borrowers

  4. Part IV: the Process of Securitization

  5. Part V: Risk Management and Mismanagement

  6. Part VI: the Problem of Regulation

  7. Part VII: Institutional Failures

    1. Chapter 53

      The Financial Crisis and the Systemic Failure of Academic Economics (pages 427–436)

      David Colander, Michael Goldberg, Armin Haas, Alan Kirman, Katarina Juselius, Brigitte Sloth and Thomas Lux

  8. Part VIII: the Federal Reserve, Monetary Policy, and the Financial Crisis

  9. Part IX: Implications of the Crisis for Our Economic Systems

  10. Part X: International Dimensions of the Financial Crisis

  11. Part XI: Financial Solutions and Our Economic Future

    1. Chapter 70

      The Long-Term Cost of the Financial Crisis (pages 569–578)

      Murillo Campello, John R. Graham and Campbell R. Harvey

    2. Chapter 72

      Fiscal Policy for the Crisis (pages 587–594)

      Antonio Spilimbergo, Steven Symansky, Olivier Blanchard and Carlo Cottarelli

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